Can I retire at age 30 with 2,470,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$203,970$202,153$200,381$198,651$196,961$190,276
2 years$100,975$99,095$97,272$95,505$93,791$87,123
3 years$66,648$64,760$62,942$61,191$59,505$53,063
4 years$49,488$47,605$45,805$44,085$42,439$36,273
5 years$39,195$37,323$35,547$33,861$32,262$26,387
6 years$32,335$30,477$28,727$27,079$25,528$19,950
7 years$27,436$25,595$23,872$22,263$20,761$15,479
8 years$23,765$21,939$20,246$18,676$17,223$12,233
9 years$20,910$19,102$17,438$15,908$14,504$9,800
10 years$18,628$16,838$15,202$13,713$12,358$7,932
11 years$16,762$14,989$13,384$11,934$10,629$6,471
12 years$15,208$13,454$11,878$10,468$9,211$5,313
13 years$13,894$12,158$10,612$9,242$8,032$4,384
14 years$12,769$11,052$9,535$8,204$7,041$3,632
15 years$11,795$10,096$8,609$7,316$6,199$3,019
16 years$10,943$9,263$7,805$6,551$5,479$2,516
17 years$10,192$8,531$7,102$5,886$4,858$2,102
18 years$9,526$7,883$6,484$5,304$4,319$1,759
19 years$8,930$7,306$5,935$4,793$3,850$1,474
20 years$8,395$6,789$5,447$4,341$3,439$1,237
21 years$7,911$6,323$5,010$3,940$3,077$1,039
22 years$7,472$5,903$4,618$3,582$2,758$873
23 years$7,071$5,521$4,264$3,262$2,476$735
24 years$6,705$5,172$3,943$2,975$2,226$619
25 years$6,368$4,854$3,652$2,717$2,003$521
26 years$6,058$4,562$3,387$2,485$1,804$439
27 years$5,771$4,293$3,145$2,274$1,626$370
28 years$5,505$4,046$2,924$2,084$1,468$312
29 years$5,258$3,817$2,721$1,911$1,325$263
30 years$5,028$3,604$2,535$1,754$1,197$222
31 years$4,813$3,407$2,363$1,611$1,083$187
32 years$4,612$3,224$2,205$1,480$979$158
33 years$4,423$3,053$2,058$1,361$886$133
34 years$4,246$2,894$1,923$1,252$802$113
35 years$4,080$2,745$1,798$1,153$727$95
36 years$3,923$2,605$1,682$1,062$658$80
37 years$3,775$2,474$1,574$978$597$68
38 years$3,635$2,351$1,474$902$541$57
39 years$3,502$2,236$1,381$831$491$48
40 years$3,377$2,127$1,295$767$445$41
41 years$3,258$2,025$1,214$707$404$34
42 years$3,145$1,929$1,139$653$366$29
43 years$3,037$1,838$1,069$603$332$25
44 years$2,935$1,752$1,003$557$302$21
45 years$2,837$1,670$942$514$274$18
46 years$2,744$1,593$885$475$249$15
47 years$2,655$1,521$831$439$226$12
48 years$2,570$1,452$781$405$205$11
49 years$2,489$1,386$734$375$186$9
50 years$2,412$1,324$690$346$169$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,470,000, adding $3,711 every year, while hoping to spend $34,509 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 53/20/27 Blend
29$2,470,000$2,470,000$2,470,000$2,470,000
30$2,725,768$2,594,858$2,556,573$2,849,533
31$2,967,079$2,685,289$2,605,501$3,026,055
32$3,231,847$2,778,994$2,654,911$3,214,226
33$3,522,429$2,876,098$2,704,784$3,418,319
34$3,841,419$2,976,729$2,755,096$3,639,871
35$4,191,676$3,081,022$2,805,825$3,880,571
36$4,576,351$3,189,115$2,856,944$4,142,282
37$4,998,912$3,301,155$2,908,425$4,427,053
38$5,463,181$3,417,292$2,960,237$4,737,139
39$5,973,369$3,537,682$3,012,348$5,075,023
40$6,534,113$3,662,489$3,064,722$5,443,438
41$7,150,524$3,791,883$3,117,322$5,845,395
42$7,828,232$3,926,040$3,170,107$6,284,208
43$8,573,439$4,065,143$3,223,033$6,763,525
44$9,392,980$4,209,385$3,276,054$7,287,365
45$10,294,382$4,358,963$3,329,121$7,860,154
46$11,285,943$4,514,086$3,382,180$8,486,766
47$12,376,800$4,674,967$3,435,174$9,172,567
48$13,577,026$4,841,833$3,488,044$9,923,471
49$14,897,714$5,014,915$3,540,726$10,745,988
50$16,351,092$5,194,456$3,593,151$11,647,292
51$17,950,630$5,380,711$3,645,248$12,635,284
52$19,711,169$5,573,941$3,696,939$13,718,665
53$21,649,065$5,774,421$3,748,143$14,907,023
54$23,782,339$5,982,436$3,798,775$16,210,920
55$26,130,846$6,198,284$3,848,742$17,641,989
56$28,716,466$6,422,274$3,897,949$19,213,048
57$31,563,308$6,654,727$3,946,292$20,938,216
58$34,697,937$6,895,981$3,993,665$22,833,050
59$38,149,626$7,146,384$4,039,953$24,914,690
60$41,950,631$7,406,300$4,085,034$27,202,016
61$46,136,496$7,676,109$4,128,784$29,715,833
62$50,746,387$7,956,206$4,171,066$32,479,063
63$55,823,461$8,247,003$4,211,739$35,516,958
64$61,415,276$8,548,929$4,250,655$38,857,345
65$67,574,238$8,862,430$4,287,655$42,530,880
66$74,358,094$9,187,973$4,322,576$46,571,344
67$81,830,479$9,526,043$4,355,241$51,015,958
68$90,061,515$9,877,146$4,385,469$55,905,730
69$99,128,473$10,241,809$4,413,065$61,285,850
70$109,116,502$10,620,583$4,437,828$67,206,109
71$120,119,433$11,014,039$4,459,543$73,721,370
72$132,240,664$11,422,776$4,477,986$80,892,087
73$145,594,135$11,847,416$4,492,923$88,784,874
74$160,305,406$12,288,608$4,504,105$97,473,131
75$176,512,838$12,747,030$4,511,272$107,037,741
76$194,368,900$13,223,387$4,514,153$117,567,826
77$214,041,611$13,718,416$4,512,460$129,161,595
78$235,716,121$14,232,885$4,505,893$141,927,264
79$259,596,463$14,767,594$4,494,138$155,984,080
80$285,907,475$15,323,378$4,476,865$171,463,447
81$314,896,924$15,901,110$4,453,725$188,510,161
82$346,837,843$16,501,697$4,424,358$207,283,780
83$382,031,110$17,126,088$4,388,382$227,960,128
84$420,808,290$17,775,272$4,345,399$250,732,955
85$463,534,756$18,450,281$4,294,990$275,815,762
86$510,613,149$19,152,193$4,236,720$303,443,819
87$562,487,170$19,882,130$4,170,130$333,876,384
88$619,645,773$20,641,266$4,094,741$367,399,146
89$682,627,778$21,430,825$4,010,052$404,326,927
90$752,026,959$22,252,083$3,915,536$445,006,648
91$828,497,648$23,106,373$3,810,645$489,820,605
92$912,760,910$23,995,088$3,694,804$539,190,076
93$1,005,611,356$24,919,680$3,567,413$593,579,298
94$1,107,924,635$25,881,665$3,427,842$653,499,846
95$1,220,665,708$26,882,627$3,275,435$719,515,465
96$1,344,897,952$27,924,217$3,109,503$792,247,387
97$1,481,793,201$29,008,163$2,929,330$872,380,195
98$1,632,642,810$30,136,264$2,734,165$960,668,286
99$1,798,869,839$31,310,404$2,523,222$1,057,942,990
100$1,982,042,496$32,532,547$2,295,683$1,165,120,419